New Delhi, May 8 -- MIC Electronics share price jumped over 9% on Friday, led by strong buying volumes, despite a weak trend in the Indian stock market today. The small-cap stock rallied as much as 9.63% to Rs.57.60 apiece on the BSE.

The rally in MIC Electronics shares was supported by robust trading volumes. Around 1 crore equity shares of MIC Electronics changed hands on stock exchanges on May 8, as compared to its one week average trading volume of 46 lakh shares, and one month average volumes of 23 lakh shares.

MIC Electronics announced that it has initiated the development of IPIS v2.0 for Indian Railways, and the project is progressing as per plan.

"The product architecture has been successfully established, with dedicated teams...